Savannah Petroleum PLC Spud of Amdigh-1 Well, Niger (2619N)
May 08 2018 - 2:00AM
UK Regulatory
TIDMSAVP
RNS Number : 2619N
Savannah Petroleum PLC
08 May 2018
8 May 2018
Savannah Petroleum PLC
("Savannah" or "the Company")
Spud of Amdigh-1 Well, Niger
Savannah Petroleum PLC this morning announces that the second
well in its three well Niger drilling campaign, Amdigh-1, was
spudded on 6 May 2018. Amdigh-1 is located on the R3 portion of the
R3/R4 PSC Area in the Agadem Basin, south east Niger.
As with Bushiya-1, the well is designed to evaluate potential
oil pay in the Eocene Sokor Alternances as the primary target, with
the secondary target of potential oil pay in the Eocene Upper Sokor
being considered as upside. Savannah's competent person, CGG
Robertson ("CGG"), has assessed total mean unrisked recoverable
resources at Amdigh of 39 mmbbls.
Drilling is expected to take c.30-35 days, using Rig GW-215, and
the well design is deviated to reach all desired sub-surface
objectives. It is planned to be drilled to a total depth of 2,576
metres. The Company plans to log all prospective sections within
the well, with further logging employed for hydrocarbon bearing
sections. In the success case, the well will be suspended for
future re-entry and further evaluation, which could include well
testing and completion using a dedicated testing/workover rig.
The Company intends to announce the final well results after the
end of drilling and logging operations.
For further information contact:
Savannah Petroleum +44 (0) 20 3817 9844
Andrew Knott, CEO
Isatou Semega-Janneh, CFO
Jessica Hostage, VP Corporate Affairs
Strand Hanson (Nominated Adviser) +44 (0) 20 7409 3494
Rory Murphy
James Spinney
Ritchie Balmer
Mirabaud (Joint Broker) +44 (0) 20 7878 3362
Peter Krens
Ed Haig-Thomas
Hannam & Partners (Joint Broker) +44 (0) 20 7907 8500
Neil Passmore
Alejandro Demichelis
Sam Merlin
Celicourt Communications +44 (0) 20 7520 9266
Mark Antelme
Jimmy Lea
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No. 596/2014, and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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